24-Hour Hot Cryptocurrencies and News | The Federal Reserve cuts benchmark interest rates by 25 basis points to 3.50%-3.75%; CFTC Chairman says Bitcoin will be usable as collateral in the derivatives market (December 11)
- 核心观点：市场整体回调，但政策与融资活跃。
- 关键要素：
- 主流币种普跌，ZEC跌幅超11%。
- 美联储降息，CFTC批准比特币作抵押品。
- 多家项目获融资，监管机构推动创新。
- 市场影响：短期承压，但制度接纳利好长期发展。
- 时效性标注：短期影响。
1. Popular cryptocurrencies on CEXs
Top 10 CEX trading volumes and their 24-hour price changes:
- BTC: -1.36%
- ETH: -0.94%
- SOL: -3.40%
- XRP: -3.25%
- BNB: -1.16%
- DOGE: -4.26%
- ADA: -4.65%
- SUI: -4.66%
- ZEC: -11.10%
- LINK: -3.02%
24-hour gainers list (data source: OKX):
- NIGHT: +58.47%
- LUNA: +36.06%
- WET: +35.01%
- LRC: +32.30%
- PSTAKE: +31.91%
- G: +6.96%
- CVC: +4.88%
- HYPE: +3.39%
- BARD: +3.21%
- SEI: +2.11%
24-hour cryptocurrency stock gainers list (data source: msx.com ):
- MIGI: 52.61%
- GEMI: 13.64%
- FLY: 13.26%
- SATS: 11.19%
- ASTS: 7.06%
- RKLB: 6.27%
- WDC: 6.21%
- NVO: 5.63%
- QLGN: 5.59%
- STX: 5.1%
2. Top 5 most popular on-chain memes (data source: GMGN ):
- BOXABL
- FKD
- CALVIN
- Inu
- Ean
Headlines
The Federal Reserve cut its benchmark interest rate by 25 basis points to 3.50%-3.75%.
The Federal Reserve cut its benchmark interest rate by 25 basis points to 3.50%-3.75%.
US interest rate futures indicate a 78% probability that the Federal Reserve will pause rate cuts at its January meeting, compared to a 70% probability before the FOMC decision.
CFTC Chairman: Bitcoin will be usable as collateral in the derivatives market
The chairman of the U.S. Commodity Futures Trading Commission confirmed that Bitcoin will be accepted as collateral in the derivatives market.
The Office of the Comptroller of the Currency (OCC) released preliminary findings stating that between 2020 and 2023, nine of the largest U.S. banks imposed restrictive measures on certain "politically sensitive" industries, including the crypto sector. The OCC pointed out that these banks' practices—such as restricting account openings, limiting services, or requiring higher levels of approval—based on the "legitimate but controversial" nature of their clients' businesses, constituted unfair discrimination.
Industry News
Strategy has written to the MSCI Equity Index Committee, urging it to abandon a proposal to ban companies with digital asset holdings exceeding 50% of their total assets from inclusion in its global equity benchmark. Strategy warns that this move would cause significant index volatility and contradict the U.S. government's policy of promoting innovation in digital assets.
Bitmine adds another $112 million worth of ETH to its holdings.
According to crypto analyst EmberCN, Bitmine (BMNR), Ethereum's largest treasury, continued to increase its ETH holdings today, acquiring 33,504 ETH from FalconX about two hours ago, worth approximately $112 million at current prices.
ETHZilla announced plans to redeem $516 million in convertible bonds maturing in 2028 by December 30th at 117% of face value, plus accrued interest. The company will utilize restricted cash held as collateral to support the redemption and has signed relevant agreements with bondholders. The company stated that this move aims to simplify its capital structure, enhance financial flexibility, and align with its recent progress in on-chain asset tokenization, including previously disclosed deployments and investments in Karus and Zippy.
Project News
GameStop (GME) disclosed that its Bitcoin holdings incurred a paper loss of approximately $9.4 million in the third quarter ending November 1. Based on the quarter-end price, the company's 4,710 BTC holdings were worth approximately $519 million, with no new or sold Bitcoin during the quarter. Affected by the weaker-than-expected sales data, GameStop's stock price fell 5.8% on Wednesday. Since announcing its strategy of including Bitcoin in its treasury, the company's stock price has fallen by more than 22%.
Gemini Space Station, Inc. (GEMI) has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as a Designated Contract Market (DCM), officially entering the prediction market arena. The company announced that its new platform, Gemini Titan, will initially launch classic binary event contracts, allowing users to "bet on or against future events." Titan is expected to further expand to other CFTC-regulated derivatives markets, including crypto futures, options, and perpetual contracts.
Stripe acquires Valora team to expand stablecoin business
Payment giant Stripe is further expanding its crypto footprint by acquiring crypto wallet startup Valora (team integration, not technology asset acquisition) to enhance its strategic reach in the global financial system.
Investment and Financing
Surf raises $15 million, led by Pantera Capital.
Surf, an AI platform built specifically for the crypto space, has announced the completion of a $15 million funding round led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group.
African stablecoin payment infrastructure Ezeebit raises $2.05 million in seed funding.
According to bitcoinke, Ezeebit, a crypto payments startup regulated by the South African FSCA, announced the completion of a $2.05 million seed funding round. The company will use the funds to accelerate product development and merchant expansion in South Africa, Kenya, and Nigeria. The company supports instant settlement in stablecoins and next-day local fiat currency payments, and has processed over 30,000 transactions. Investors include Raba Partnerships, Founder Collective, and executives from industry giants such as VISA, Revolut, and Talos.
According to official news, Goblin Finance, an enhanced yield infrastructure for the Aptos ecosystem, announced the completion of a $1 million strategic funding round, led by OKX Ventures, Gate Ventures, and BlockBooster, with participation from the Aptos Foundation and ecosystem partner Hyperion. Avery Ching, co-founder and CEO of Aptos Labs, participated in the investment in his personal capacity.
Regulatory policies
CFTC Acting Chair Caroline Pham announced the inaugural CEO Innovation Council members, all from the exchange sector, who will discuss derivatives market structure and regulatory innovation. Participants include: Polymarket CEO Shayne Coplan, Cboe Global Markets CEO Craig Donohue, CME Group CEO Terry Duffy, Bullish CEO Tom Farley, Nasdaq CEO Adena Friedman, Bitnomial CEO Luke Hoersten, Kalshi CEO Tarek Mansour, Crypto.com CEO Kris Marszalek, LSEG CEO David Schwimmer, Kraken Co-CEO Arjun Sethi, ICE CEO Jeff Sprecher, and Gemini CEO Tyler Winklevoss.
The CFTC stated that it will promote market structure innovation in areas such as tokenization, crypto assets, 24/7 trading, perpetual contracts, prediction markets, and blockchain infrastructure, and will continue to review more committee applications.
Character voices
Nick Timiraos, often referred to as the "Federal Reserve mouthpiece," recently wrote that while Federal Reserve officials cut interest rates for the third consecutive meeting, unusual divisions exist within the Fed regarding whether inflation or the job market is a greater concern, leading officials to suggest a low willingness to continue cutting rates. Recent public comments from Fed officials indicate a deep division within the committee, to the point that the final decision may depend on how Fed Chairman Powell wants to proceed. Powell's term expires next May, meaning he will only chair the next three interest rate-setting meetings.
Alliance DAO co-founder qw shared his personal ranking of "commercial moat levels across different industries," pointing out that the moat of blockchain itself is very limited, only about 3/10. He believes that ASML, Microsoft (key SaaS), and Apple (brand + development ecosystem) score 10/10 (strongest moat); the best crypto businesses in the crypto industry score 5/10; and public chains score only 3/10 (narrow moat). He further stated that a lower moat score is not necessarily a bad thing, but it means that the team must be able to continuously lead in innovation, otherwise they will be quickly replaced.
Dragonfly Managing Partner Haseeb responded by saying that rating blockchain moats as 3/10 is absurd, and even Aave founder Santi has never believed that blockchain "has no moat." He pointed out that Ethereum has maintained its dominance for 10 consecutive years, during which hundreds of competitors raised over $10 billion in funding to try and seize market share. However, after weathering the impact of all challengers throughout the decade, Ethereum remains firmly at the top of the industry, which in itself demonstrates its strong moat. Haseeb stated that if such achievements cannot be called a moat, then the concept of a moat is probably meaningless.
